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Gold/Mining/Energy : Silver prices

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To: Claude Cormier who wrote (630)2/6/1998 1:21:00 PM
From: Casey  Read Replies (1) of 8010
 
Claude:

<<I agree... And given that the fundamentals are the best we've seen in this period, this most certainly means much higher prices ahead. But for now, a correction of this move since July 97 make a lot of sense.>>

What do you make of the incredibly high lease rates in the 60-75% range and the impact this will have on the current rally. Also, backwardization is extremely bullish in the futures markets. The story on the 800 lb Gorilla infers that a mother of a short squeeze may be in the making. Would be interested in your take. TIA.
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